Daniel Mate

Daniel Mate has a net worth of $2.7 billion according to the latest Forbes count. The self made Spanish billionaire and entrepreneur began his career with Rich &Co. in 1988 in Switzerland. Six years later the company was bought out and rebranded as Glencore. At Glencore, Mate worked in the zinc, lead and copper department until 2000 when he co-directed the division. Daniel entered the billionaire’s list when Glencore went public in May 2011. 

However, Glencore’s shares underperformed losing over 25% of their value since their first debut. The depression of the global commodities prices caused a drop in Daniel’s net worth. However, the drop is likely to be temporary, after the company announced a $650 million investment in oil business in 2014 which is expected to improve the overall productivity of the firm in the coming years.

 In 2013 the commodities giant realized a 75% drop in earnings just before finalizing merging agreements with mining rival Xstrata. The Xstrata Company has since been waiting for regulatory approval in China to stem-up the fusion. When it comes to his private life, Daniel Mate is happily married and has two children.

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)